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HECM Lenders

HECM Lenders – July 2017

HECM endorsements declined -12.1% to 4,254 loans. That drop completed the round trip back to February volume levels after a large increase in March, although ...

HECM Lenders – June 2017

HECM endorsements dropped -0.4% to 4,837 loans. That’s neutral at best on the face of it, but it’s surprising that just 1 of the 9 ...

HECM Lenders – May 2017

HECM endorsements dropped again in May, down -3.6% to 4,854 loans. This was a smaller drop than April and paints a picture of gradual decline ...

HECM Lenders – April 2017

HECM endorsements dropped -6.1% to 5,036 loans in April. Any drop is negative, but in this case the decline still puts the industry at the ...

HECM Lenders – March 2017

HECM endorsements gained 21% to 5,364 loans in March, marking the second highest total seen in the last 3+ years. We’d guess that the majority ...

HECM Lenders – February 2017

HECM endorsements dropped -3.3% in February, continuing a slow decline from the recent high reached in December. Just 4 of the 10 regions grew in ...

HECM Lenders – January 2017

HECM endorsements dropped -1.7% in January, backing down slightly from the jump in December. 6 of the 10 regions actually rose, but with the top ...

HECM Lenders – December 2016

Happy New Year! Hope everybody had an opportunity to spend some time family and friends over the holidays. The industry ended the year with a ...

HECM Lenders – November 2016

HECM endorsements declined -0.7% in November, continuing to bump along below 4,000 loans per month as has been the case for much of the year. ...

HECM Lenders – October 2016

HECM endorsements rose 4.8% in October, continuing the up and down gyrations as we head into year end. Active lenders grew 6.6% in the month, ...

HECM Lenders – September 2016

HECM endorsements declined -14.7% in September, making the August jump look more like an outlier for now than a new growth trend. All 10 geographic ...

HECM Lenders – August 2016

HECM endorsements rose 24.1% in August to 4,387 loans in a welcome reprieve from the prior three months below the 4,000 loans/month level. Volume was ...

HECM Lenders – July 2016

HECM endorsements dropped -6.3% in July, totaling just 3,534 and marking a new low for the year in two of the past three months. Four ...

HECM Lenders – June 2016

HECM endorsements rose 3.4% in June to 3,771 loans, recovering a piece of the big drop in May. Although it was small, the increase was ...

HECM Lenders – May 2016

HECM endorsements dropped dramatically in May to 3,646 loans – a full -14.1% decline from April. That’s the lowest monthly total since August 2014 as ...

HECM Lenders – April 2016

HECM endorsements fell -6.4% to 4,243 loans in April, continuing the decline from a year ago which now totals -8.4% through the first four months. ...

HECM Lenders – March 2016

HECM endorsements dropped 1% in March to 4,535 loans. The fairly steady pace indicates that February’s big increase was more than a one month story ...

HECM Lenders – February 2016

HECM endorsements rose 17.7% in February to 4,579 loans, putting a disappointing January result in the rear view mirror. Concerns about post-FA volume levels look ...

HECM Lenders – January 2016

Looks like the coast might not be clear quite yet in the wake of Financial Assessment. HECM endorsements fell -8.1% to 3,890 loans in January ...

HECM Lenders – December 2015

HECM endorsements rose 5.2% in December to 4,233 loans after three consecutive months of decline. That’s encouraging although based on the data we’re seeing from ...

HECM Lenders November 2015

HECM endorsements dropped -7.1% in November to 4,023 loans defying (for now) our prediction from a few months back that we’d see volume below 4,000 ...

HECM Lenders October 2015

HECM endorsements fell -7.3% in October to 4,332 loans. The continued decline shows the impact of Financial Assessment implementation earlier this year as the pre-implementation ...

HECM Lenders Sep 2015

HECM endorsements dropped -18.8% to 4,671 loans in September, ending a very solid 3 month run of volume inflated by borrowers funding loans ahead of ...

HECM Lenders August 2015

We’ve been waiting for Financial Assessment to bring down HECM endorsement volumes and we’ll have to wait at least one more month – but we’re ...